Buy.com
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| Buy.com, Incorporated | |
|---|---|
 |
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| Type | Private |
| Founded | 1997 (Aliso Viejo, California) |
| Headquarters | Aliso Viejo, California |
| Key people | Scott Blum, Chairman, Neel Grover, CEO |
| Products | Retail-Computers, Electronics, Books, Videos, Music, etc. |
| Revenue | $290.8MM (2004)[1] |
| Operating income | ($13.3MM) (2004)[1] |
| Net income | ($15.4MM) (2004)[1] |
| Website | www.Buy.com |
Buy.com is an online retailer based in Aliso Viejo, California. It began by selling computers and electronics in 1997 and has since expanded into many other categories.[2] Initially the company sold items below cost and intended to make up the losses "from the sale of advertising and ancillary services like warranties and equipment leases."[2] Buy.com sold $111 million worth of goods and services in 1998, its first full year, beating Compaq's record for most first-year sales of any company.[3]
Founder Scott Blum sold his stake to SoftBank in 1999 for $195 million just before the company first filed to go public.[4] Stock values plummeted in the year following Buy.com's initial public offering and in 2001 Blum reacquired Buy.com and took it private for 17 cents per share.[5]
[edit] References
- ^ a b c Buy.com - Financials. Hoover's. Retrieved on 2008-02-25.
- ^ a b Nee, Eric. "Meet Mister Buy(everything).com", Fortune, 1999-03-29. Retrieved on 2008-02-27.
- ^ "Buy.com Thinks You're Worth More Than Margins", Net4TV Voice, 1999-02-14. Retrieved on 2008-02-27.
- ^ Lacy, Sarah. "Back to the Future at Buy.com", BusinessWeek, 2005-01-26. Retrieved on 2008-02-27.
- ^ Hibbard, Justin. "Buy.com: How Soon We Forget", BusinessWeek, 2005-01-25. Retrieved on 2008-02-27.
[edit] External links
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